“We built our bridge lending program to fill a gap in the marketplace, providing short-term, nonrecourse loans for multifamily properties that are being repositioned as part of a new business strategy,” says Biderman. “We have now completed approximately $2 billion in bridge loans since the start of the program and – being one of the largest multifamily lenders in the country – we have the expertise to deliver flexible solutions that meet our customers' diverse needs.”

As single-family home prices trend upward across the country, secondary markets such as Columbus continue to see steady population and rent growth. In 2017, the Columbus market experienced the second-highest net operating income growth within Walker & Dunlop's multifamily servicing portfolio, and Ohio ranked second on the state level. This is largely due to the area's relatively low cost of living and diversified base of core industries, which include retail and e-commerce, technology, cybersecurity, finance, manufacturing, and automotive.

Each of the portfolio's properties are well-located and poised to capitalize on the positive rent environment, thanks to their location within a metropolitan area exhibiting strong fundamentals.